The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for GLAS Agency (Hong Kong) Ltd

Date: 22 July 2026 Ref. No: BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street, Fort Bandra-Kurla-Complex, Bandra (East) Mumbai – 400 001 Mumbai – 400 051 E-mail: corp.relations@bseindia.com Email: takeover@nse.co.in Vedanta Iron And Steel Limited 1st Floor, ‘C’ Wing Unit 103 Corporate Avenue, Atul Projects Chakala, Andheri (E) Mumbai – 400 093 E-mail: visl.cs@vedanta.co.in Dear Sir / Madam, Subject: Disclosure under Regulation 29(1) read with Regulation 29(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 2011, as amended (“Takeover Regulations”). This disclosure is being made by GLAS Agency (Hong Kong) Limited (“GLAS”) (in its capacity as the agent under the Facility Agreement (as defined below) in relation to creation of encumbrance (as defined under Chapter V of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“Takeover Regulations”)) over the equity shares of Vedanta Iron and Steel Aluminium Limited (“VISL”) held by held by Vedanta Resources Limited (“VRL”) through its direct and indirect subsidiaries i.e. Twin Star Holdings Ltd. (“TSHL”), Welter Trading Limited (“Welter”), Vedanta Holdings Mauritius Limited (“VHML”), Vedanta Holdings Mauritius II Limited (“VHMLII”) and Vedanta Netherlands Investments B.V (“VNIBV”) in terms of the facility agreement dated 20 July 2026 for a total maximum commitment aggregating US$ 2,250,000,000 executed inter alios, amongst TSHL (as the borrower), VRL, VHMLII and Welter (as the guarantors), Barclays Bank PLC, Citigroup Global Markets Asia Limited, DB International (Asia) Limited, First Abu Dhabi Bank PJSC, First Abu Dhabi Bank PJSC, Gift City Branch, J.P. Morgan Securities (Asia Pacific) Limited, Mashreq Bank PSC, IFSC Banking Unit, Gift City Branch, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation Singapore Branch (as the arrangers), Barclays Bank PLC, Citibank, N.A., Hong Kong Branch, DB International (Asia) Limited, First Abu Dhabi Bank PJSC, First Abu Dhabi Bank PJSC, Gift City Branch, JP Morgan Chase Bank, N.A., London Branch, Mashreq Bank PSC, IFSC Banking Unit, Gift City Branch, Standard Chartered Bank, Standard Chartered Bank (Mauritius) Limited and Sumitomo Mitsui Banking Corporation Singapore Branch (as the original lenders) and GLAS Agency (Hong Kong) Limited (as the agent and the security agent) (“Facility Agreement”). Pursuant to the Facility Agreement, inter alia: (i) no Obligor (which includes TSHL, VRL, VHMLII and Welter) shall create or permit to subsist any security or quasi security over the shares of VISL; (ii) No member of VRL group (VRL and its (direct and indirect) subsidiaries) shall create or permit to subsist any security or quasi-security over the shares owned by them (directly or indirectly) in an Obligor which owns shares in VISL; (iii) if and when VISL becomes a Material Subsidiary of VRL, the VRL group is required to continue to control over VISL or, continue to own, directly or indirectly, at least 50.1% of the issued equity share capital of VISL; (collectively, the “Encumbrances”). Given the nature of conditions and/or arrangements under the Facility Agreement, the Encumbrances and other conditions therein are likely to fall within the definition of the term ‘encumbrance’ provided under Chapter V of the Takeover Regulations. Accordingly, this disclosure is being made under Regulation 29(1) read with Regulation 29(4) of the Takeover Regulations. As on the date of this disclosure, the commitment of the original lenders is US$ 1,545,000,000 with increase commitment of up to US$ 705,000,000 available from one or more increase lender executing an increase lender accession agreement under the terms of the Facility Agreement. This disclosure is in relation to the total maximum commitments of US$ 2,250,000,000, inclusive of increase mechanism under the Facility Agreement. Kindly take the above on record. Thanking you Yours faithfully For and on behalf of GLAS Agency (Hong Kong) Limited Authorised Signatory Name: Yasmin Sulaiman Designation: Authorised Signatory Place: Singapore Date: 22 July 2026 Encl: As above Disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“Takeover Regulations”) Part A- Details of acquisition Name of the Target Company (TC) Vedanta Iron And Steel Limited (“VISL”) Name(s) of the acquirer and Persons Acting in GLAS Agency (Hong Kong) Limited (“GLAS”) (in its capacity Concert (PAC) with the acquirer as the agent under the Facility Agreement, acting for the benefit of the Lenders) Whether the acquirer belongs to Promoter/ No Promoter group Name(s) of the Stock Exchange(s) where the shares BSE Limited of TC are Listed National Stock Exchange of India Limited % w.r.t. total % w.r.t. total share/ voting diluted share/ Details of the acquisition/ disposal as follows Number capital wherever voting capital of applicable (*) the TC (**) Before the acquisition under consideration, holding: a) Shares carrying voting rights Nil Nil Nil b) Shares in the nature of encumbrance (pledge/ 2,204,724,753 56.38% 56.38% lien/ non-disposal undertaking/ others) c) Voting rights (VR) otherwise than by shares Nil Nil Nil d) Warrants/ convertible securities / any other Nil Nil Nil instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) e) Total (a+b+c+d) 2,204,724,753 56.38% 56.38% [Refer to Note 2 [Refer to Note 2 [Refer to Note 2 below] below] below] Details of acquisition/ sale a) Shares carrying voting rights acquired/ sold Nil Nil Nil b) VRs acquired /sold otherwise than by shares Nil Nil Nil c) Warrants/ convertible securities/ any other Nil Nil Nil instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired/sold d) Shares encumbered/ invoked/ released by the 2,204,724,753 56.38% 56.38% acquirer e) Total (a+b+c+d) 2,204,724,753 56.38% 56.38% [Refer to Note 1 [Refer to Note 1 [Refer to Note 1 below] below] below] After the acquisition/sale, holding of: a) Shares carrying voting rights Nil Nil Nil b) Shares encumbered with the acquirer 2,204,724,753 56.38% 56.38% c) VRs otherwise than by shares Nil Nil Nil d) Warrants/ convertible securities / any other Nil Nil Nil instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition e) Total (a+b+c+d) 2,204,724,753 56.38% 56.38% [Refer to Note 1 [Refer to Note 1 [Refer to Note 1 and Note 2 and Note 2 and Note 2 below] below] below] Mode of acquisition/ sale (e.g. open market/ public Creation of encumbrance issue/ rights issue/ preferential allotment / inter-se transfer/ encumbrance etc.) Salient features of the securities acquired including Not applicable till redemption, ratio at which it can be converted into equity shares etc. Date of acquisition / sale of shares/ VR or date of 2 0 July 2026 (Refer to Note below) receipt of intimation of allotment of shares, whichever is applicable Equity share capital /total voting capital of the TC Equity Share Listed Capital: ₹ 3,910,388,057 (representing b efore the said acquisition/ sale 3,910,388,057 equity shares of ₹ 1 each) Equity share capital/total voting capital of the TC Equity Share Listed Capital: ₹ 3,910,388,057 (representing a fter the said acquisition/ sale 3,910,388,057 equity shares of ₹ 1 each) Total diluted share/voting capital of the TC after Equity Share Listed Capital: ₹ 3,910,388,057 (representing the said acquisition. 3,910,388,057 equity shares of ₹ 1 each) Note 1: This disclosure is being made by GLAS Agency (Hong Kong) Limited (“GLAS”) (in its capacity as the agent under the Facility Agreement (as defined below) in relation to creation of encumbrance (as defined under Chapter V of the SEBI (Substantial Acquisition of Shares and Takeovers) Re [Showing first 8,000 characters — download PDF for full document]